E16 - Student Loan Crisis and SPACs

In this episode, I discuss Special Purpose Acquisition Companies (SPACs) and the student loan crisis. I discuss a variety of points regarding these topics, including: Could the government pay for your university education? Should we limit to how much debt students can accumulate? Traditional IPO vs. SPACs Links: My First Million Podcast: https://podcasts.apple.com/us/podcast/my-first-million/id1469759170 What is a SPAC: https://medium.com/@saileshpatnala/the-revival-of-spacs-44d7209f4651 Chamath Palihapitiya: @Chamath Money Saving Expert Martin Lewis 'Student Loans Decoded': https://www.youtube.com/watch?v=mO_rAsMuAlM&t=713s Note: I mistakenly mention the Student Loans Company (SLC) being in England only. SLC is across all U.K. countries. My Twitter: @FinancialSon Episode Summary: Intro (00:11), What are SPACs? (00:43), Where does the money raised by a SPAC go initially? (04:16), Traditional IPO vs. SPAC (05:25), What do I think of SPACs (07:09), Student loan crisis (09:07), How do UK students pay back student loans? (11:37), What if the government makes university free? (16:03), Limit how much debt you can accumulate as a student? (17:08), Summary (19:05).